"Market is starting to realise the impact on supply chains due to the outbreak, and how long and protracted it could be especially if the numbers are greater than what we are being told," Brad Smoling, managing director at Smoling Stockbroking said.
The local mining sector weighed on the benchmark, losing as much as 0.4 per cent. Heavyweight miners BHP Group and Fortescue Metals Group lost up to 0.7 per cent and 1.9 per cent, respectively. Among gainers, the gold sub-index advanced up to 0.9 per cent, with heavyweight Newcrest Mining rising 1.6 per cent, as bullion prices hovered near a seven-year peak as nervous investors opted for safe-haven assets.
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